TO: | Honorable David Swinford, Chair, House Committee on State Affairs |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB223 by Gattis (Relating to a requestor's right of access to investment information.), As Introduced |
The bill would amend the Public Information Act by adding a provision that lists the categories of investment information that are expressly public.
It is assumed that the bill would not require disclosure of information that would preclude eligible agencies or institutions from investing in private equity. However, if the bill language is interpreted to result in such disclosure, both the Teacher Retirement System and The University of Texas System have stated that it would result in a significant reduction in investment income.
Source Agencies: | 302 Office of the Attorney General, 323 Teacher Retirement System, 327 Employees Retirement System, 720 The University of Texas System Administration
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LBB Staff: | JOB, SR, WP, DLBe
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